Feds take stake in Air Canada as airline taps LEEFF for $5 9B bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
OTTAWA Air Canada and the federal government have reached an agreement on a $5.9-billion aid package that the company says will speed up customer refunds, protect industry jobs and return service to some communities that were shuttered due to the COVID-19 pandemic. In a news release, Air Canada said the $5.879-billion liquidity agreement is provided through the government’s Large Employer Emergency Financing Facility (LEEFF) program and includes $4 billion in loans, a $500-million investment in Air Canada stock and a separate $1.4-billion loan to help facilitate customer refunds. “I m confident this agreement sets a standard for how such interventions should be designed with the interests of Canadians and workers coming first,” Deputy Prime Minister and Finance Minister Chrystia Freeland told reporters in French on Monday evening. “This is a good and fair deal for Canada and Canadians.”
OTTAWA — After months of negotiations, Ottawa has reached a multibillion-dollar rescue deal with Air Canada that will give the government an equity stake in the pandemic-battered airline.Under the . . .
Regional service in Kamloops, Penticton to resume under new Air Canada agreement with Ottawa - Canada News castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.
Air Canada, Ottawa agree to aid package worth up to $5 9 billion - Medicine Hat NewsMedicine Hat News medicinehatnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medicinehatnews.com Daily Mail and Mail on Sunday newspapers.